Spain plays down euro rescue fund boost

27th September 2011, Comments 0 comments

Spain's finance minister Tuesday dismissed talk of eurozone leaders boosting their 440-billion-euro ($590 billion) European emergency finance fund to as much as two trillion euros.

"That is not on the table," the minister Elena Salgado said in a televised interview, acknowledging it will be necessary to "strengthen" the fund.

"A strengthening does not necessarily mean an increase," she added.

EU finance commissioner Olli Rehn said the EU was thinking of strengthening the fund, in comments published Monday. He did not give any figures but reports have said it could be boosted to more than 2.0 trillion euros.

© 2011 AFP

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